Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 44.02% is 35% above its 5-year average of 32.50%, near the high end of its 5-year range (-3.74%–57.28%).
3.14% below its 12-month average of 45.45%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 57.28%.
GROSS MARGIN
44.02%
GROSS MARGIN AVG TTM
45.45%
GROSS MARGIN AVG 3Y
44.40%
GROSS MARGIN AVG 5Y
32.50%
GROSS MARGIN AVG 10Y
25.44%
GROSS MARGIN AVG 15Y
25.54%
GROSS MARGIN AVG 20Y
31.13%
CURRENT VS TTM AVG
-3.14%
CURRENT VS 3Y AVG
-0.85%
CURRENT VS 5Y AVG
+35.43%
CURRENT VS 10Y AVG
+73.03%
CURRENT VS 15Y AVG
+72.34%
CURRENT VS 20Y AVG
+41.41%
SECTOR MEDIAN · ENERGY
30.57%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+44.00%
vs the sector median at left
First Solar, Inc.
Market Cap
$20.63B
Gross Margin
44.02%
TTM Avg
45.45%
3Y Avg
44.40%
5Y Avg
32.50%
Market Cap
$20.15B
Gross Margin
46.51%
TTM Avg
36.77%
3Y Avg
52.41%
5Y Avg
42.45%
Market Cap
$23.16B
Gross Margin
85.46%
TTM Avg
87.68%
3Y Avg
90.69%
5Y Avg
90.91%
Market Cap
$26.65B
Gross Margin
39.62%
TTM Avg
41.63%
3Y Avg
38.76%
5Y Avg
36.57%
Market Cap
$27.58B
Gross Margin
15.11%
TTM Avg
17.23%
3Y Avg
17.34%
5Y Avg
14.96%
Market Cap
$10.15B
Gross Margin
62.92%
TTM Avg
64.44%
3Y Avg
63.13%
5Y Avg
63.71%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| First Solar, Inc. (FSLR) | $20.63B | 44.02% | 45.45% | 44.40% | 32.50% |
| Expand Energy Corporation (EXE)vs › | $20.15B | 46.51% | 36.77% | 52.41% | 42.45% |
| Texas Pacific Land Corporation (TPL)vs › | $23.16B | 85.46% | 87.68% | 90.69% | 90.91% |
| APA Corporation (APA)vs › | $15.45B | 38.77% | 40.75% | 47.26% | 42.30% |
| Pembina Pipeline Corporation (PBA)vs › | $26.65B | 39.62% | 41.63% | 38.76% | 36.57% |
| Halliburton Company (HAL)vs › | $27.58B | 15.11% | 17.23% | 17.34% | 14.96% |
| Nextpower Inc. (NXT)vs › | $12.41B | 33.38% | 33.16% | 27.27% | 23.09% |
| Tenaris S.A. (TS)vs › | $29.92B | 33.90% | 34.72% | 37.72% | 33.46% |
| Antero Midstream Corporation (AM)vs › | $10.15B | 62.92% | 64.44% | 63.13% | 63.71% |
| EQT Corporation (EQT)vs › | $31.95B | 48.86% | 31.77% | 37.13% | 38.84% |
Gross Margin
44.0%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 57.28% |
| 2026-03-31 | 46.55% |
| 2025-12-31 | 39.54% |
| 2025-09-30 | 38.29% |
| 2025-06-30 | 45.56% |
| 2025-03-31 | 40.78% |
| 2024-12-31 | 37.49% |
| 2024-09-30 | 50.17% |
| 2024-06-30 | 49.37% |
| 2024-03-31 | 43.57% |
| 2023-12-31 | 43.33% |
| 2023-09-30 | 46.96% |
| 2023-06-30 | 38.29% |
| 2023-03-31 | 20.44% |
| 2022-12-31 | 6.05% |
| 2022-09-30 | 3.34% |
| 2022-06-30 | -3.74% |
| 2022-03-31 | 3.12% |
| 2021-12-31 | 27.17% |
| 2021-09-30 | 21.35% |
| 2021-06-30 | 27.67% |
| 2021-03-31 | 23.00% |
| 2020-12-31 | 26.24% |
| 2020-09-30 | 31.59% |
| 2020-06-30 | 21.40% |
| 2020-03-31 | 16.98% |
| 2019-12-31 | 23.84% |
| 2019-09-30 | 25.30% |
| 2019-06-30 | 13.19% |
| 2019-03-31 | 0.02% |
| 2018-12-31 | 14.22% |
| 2018-09-30 | 19.10% |
| 2018-06-30 | -2.61% |
| 2018-03-31 | 30.46% |
| 2017-12-31 | 18.30% |
| 2017-09-30 | 26.84% |
| 2017-06-30 | 17.79% |
| 2017-03-31 | 9.44% |
| 2016-12-31 | 2.37% |
| 2016-09-30 | 25.09% |
| 2016-06-30 | 17.91% |
| 2016-03-31 | 31.69% |
| 2015-12-31 | 30.14% |
| 2015-09-30 | 38.10% |
| 2015-06-30 | 18.35% |
| 2015-03-31 | 8.31% |
| 2014-12-31 | 30.42% |
| 2014-09-30 | 21.27% |
| 2014-06-30 | 17.03% |
| 2014-03-31 | 24.91% |
| 2013-12-31 | 24.86% |
| 2013-09-30 | 28.76% |
| 2013-06-30 | 26.95% |
| 2013-03-31 | 22.42% |
| 2012-12-31 | 27.31% |
| 2012-09-30 | 28.45% |
| 2012-06-30 | 25.46% |
| 2012-03-31 | 15.44% |
| 2011-12-31 | 20.92% |
| 2011-09-30 | 37.70% |
| 2011-06-30 | 36.56% |
| 2011-03-31 | 45.77% |
| 2010-12-31 | 48.66% |
| 2010-09-25 | 40.34% |
| 2010-06-26 | 48.34% |
| 2010-03-27 | 49.66% |
| 2009-12-31 | 41.51% |
| 2009-09-30 | 50.95% |
| 2009-07-31 | 56.69% |
| 2009-03-31 | 56.26% |
| 2008-12-31 | 53.94% |
| 2008-09-27 | 56.05% |
| 2008-06-28 | 54.19% |
| 2008-03-29 | 52.98% |
| 2007-12-31 | 55.25% |
| 2007-09-29 | 51.60% |
| 2007-06-30 | 36.74% |
| 2007-03-31 | 44.87% |
| 2006-12-31 | 48.61% |
| 2006-09-30 | 39.85% |
| 2006-06-30 | 100.00% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | 100.00% |
| 2005-09-30 | 100.00% |
| 2005-06-30 | 100.00% |
| 2005-03-31 | 100.00% |
| 2004-12-31 | 100.00% |
| 2004-09-30 | 100.00% |
| 2004-06-30 | 100.00% |
| 2004-03-31 | 100.00% |
